In a time frame daily, if you can read Japanese candles. The last candle is called "shooting star" in which it comes from an upward trend and begins to form the body that came to the ATH and little by little begins to lose it. Bears win the battle and leave the sail almost completely disembodied (all shadow or wick) to change the trend in the next and become bearish. Everything, as long as the technical analysis works and the BTC became strong.
We will see how it develops.
Greetings and good week for everyone!
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ROUND 3
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Able to end up being a green candle, with all the power and interest that BCH aroused and the people behind it. I base my analysis 100% on TA. Sometimes it turns out and sometimes it does not, otherwise we would all be millionaires. The BTC was bullish until 6.7k and fell, that was the moment when BCH woke up and became a protagonist, until the BTC retreated to 6.5k, doing a pullback and weakening the BCH. That pattern was repeated all day. It is very likely that the BTC closes its daily candle in a range of USD 6.6 / 6.4 and the BCH in 1100/1240 (unless there is a surprise)
Thank you all for the comments and the good vibes of always!
Makes as much sense as the rest of this Crypto madness we are experiencing.
alter.daemon
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Let's hope it will happen. Let put to bed another scam-fork. I don't feel sorry for bag holders that went in at more than 1400s - it was clear spectacle of greed in action.
Not the time for the Mutiny on the Bounty.
astrologychick
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Yep, and up we go again.
noideaihave
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:) love the way you put it - round 3!
schizaar
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Hi Andres, Thanks for your TA and sorry to read about TV moderator who removed your posts. I assume it was beacuse of posting links to your website?
Anyhow, back to BTC/BCH - I saw this correlation recently and if BTC would be heading to leg C of ABC correction then BCH would.. yep :) Who knows how high..
@AndresThomasShirakawa, sorry mate, ignore this post please, it should be sent somewhere else I suppose ;P
hvb83
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Thanks for posting an update. What would be your interpretation of the graph under "round 3"?
AndresThomasShirakawa
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@hvb83, Look carefully at the behavior of the BTC/USD against the BCH/USD.
They are antagonistic, totally opposite. That gives us an advantage, which are somewhat predictable.
astrologychick
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I think you mean correction and not crash. This is healthy and is already happening. Will change directions again.